Eni S.p.A. — worst week of the decline, but a signal worth noting

Eni is at week 10 of a sell signal with a +7.1% gain from entry. Last week was the steepest drop of the entire decline — -6.6%, sellers at 97% — but the confirmation week has closed bullish. A double bottom in the 21 area on the daily chart adds a first potential exhaustion signal: the time to evaluate exiting the short position is now.